Korea is strongly aware of foreign-exchange swap
https://shinjukuacc.com/20200316-04/
Now is the time to swap Korean and Japanese currencies !
Japan, think again and again !
2020/03/14
Japan, United States, Europe, United Kingdom, Switzerland, Canada
6 Central banks urgently based on foreign exchange swaps
We have agreed and announced an increase in the US dollar liquidity supply.
Under these circumstances, media from neighboring countries
"Korea has proposed a G20 video conference,"
It seems that there has been a series of reports that
"it has proposed a G20 currency swap network."
G7 emergency video conference
菅義偉（Yoshihide Suga）, Chief Cabinet Secretary,
At a press conference this morning, he mentioned the G7 Summit Video Conference.
" About G7 Summit Video Conference "
1,
G7 Summit Video Conference to be Held, Prime Minister Abe Attends
2,
As Wuhan pneumonia virus infection spreads,
Discussions will be held on strengthening G7 collaboration
3,
In order to stop the impact on the global economy and strengthen international collaboration on infectious disease control,
Japan will also contribute to the discussion and disseminate measures to prevent the spread of infection
――― The Prime Minister's Office HP "A Cabinet Secretary-General's Press Conference Ordinance March 16, 2 (Mon.) Morning "
From 2020/03/16
This morning, the U.S. Fed moved to a virtually zero interest rate policy this morning,
G7 cooperation is essential for both prevention and economic measures.
According to the Secretary-General, no outcome document is currently planned
However, not only efforts to prevent the spread of infection,
After all, it will be necessary to step into economic measures.
Efforts to increase dollar liquidity
On the other hand, the six central banks of the world, including the Bank of Japan, have issued such statements.
" Central Bank's Cooperative Action to Enhance Global USD Liquidity Supply "
(From the Bank of Japan website on March 16, 2020 )
In this statement, six central banks
(US Fed, Bank of Canada, Bank of England,
Bank of Japan, European Central Bank, Swiss National Bank)
Cuts the applicable interest rate by 0.25 % over a currency swap agreement with the US dollar,
It says that it will start funding not only one week but also three months.
These six central banks
Foreign-exchange swap arrangements with an unlimited amount for the period have been made permanent,
This decision is Japan UK Europe Canada Switzerland
There are aspects that make it easier for private banks to borrow dollar funds.
Financial markets,
It seems that it is finally approaching at the time of the Lehman shock in earnest.
If there is G7, also G20 ... ?
However, what happened to "G20" if it came to "G7"?
I think some people wonder.
G20 is a conference body that is remarkably buried compared to G7
However, this was a trigger for being upgraded to the Summit.
Given the financial crisis of 2008 ,
I think the Lehman-class economic shock is coming again
Then, it is not surprising that the G20 also has an emergency meeting.
Korean media about this
" News 1 ] (Korean version) had an article like this.
『 MoonOnG20videoConferenceProposalGoodUSsuggestio1
문 대통령 G20 오브라이언 오브라이언 art " 오브라이언 제안 "
US O'Brien on President Moon G20 Video Conference Proposal "Very Good Proposal "
(With 2020.03.15.16:12 News 1 Korean version)
G20 Video Conference by 文在寅（Moon Jae-in,문재인）
鄭義溶（Jeong-uiyong,정의용）,
the aide of the President's Office of National Security,
15 , Robert O'Brien, U.S. Home Security Assistant
It is a topic that we proposed in a telephone talk with.
The Korean Presidency in the press release
"The U.S. praised South Korea's efficient and prompt response,
We decided to cooperate closely while sharing relevant information such as the response between the United States and South Korea. ''
It seems that he said
However, because it is the Korean government, it doesn't seem like there is something behind it.
Is your aim a currency swap ?
Specifically, as a result,
Do you have one's intention to receive financial and economic support?
I was wondering, but is that "aim" still a currency swap?
( Dated 2020.03.1611: 23 中央日報（JoongAng Ilbo） Japanese version)
Also 中央日報（JoongAng Ilbo）according to,
Served as the chairman of the Corona 19 National Overcoming of the Democratic Party of Korea
李洛淵（Lee Nak-yeon,이낙연）, the former prime minister,
"The hardships that have been set before us are
May be longer and wider than the currency crisis.
It may be much harder for Korea, which depends heavily on exports, than the currency crisis. ''
"We are working with the 20 major countries (G20) to ensure currency market stability.
We have also proposed to the government that we should actively enter into currency swaps. ''
It seems that he said.
On top of that,李洛淵（LeeNak-yeon,이낙연）
Suggested by 文在寅（Moon Jae-in,문재인）
When the “G20 TV Summit” is held,
"I hope that international mutual assistance that stabilizes the global financial and foreign exchange markets will take off."
It seems that he clarified.
Not a long-awaited Japan-Korea currency swap ...
This is exactly the Korean currency swap, foreign-exchange swap
It is the long-awaited theory itself.
US Fed Website
“ Credit and Liquidity Programs and the Balance Sheet ”
According to the Fed, since December 2007 ,
Foreign-exchange swaps with 14 foreign central banks(“ Dollar liquidity swap lines” )
They ended in February 2010 .
With the exception of Japan, UK, Europe, Canada and Switzerland, five of these foreign central banks,
The other party with whom the United States entered into a foreign-exchange swap,
"Australia, Brazil, Denmark, Korea, Mexico,
New Zealand, Norway, Singapore, Sweden "
Central banks of 9 countries.
Perhaps the real intention of South Korea is to use the Wuhan Pneumonia virus turmoil as a miracle (Using that things and opportunities) and have Korea revive the foreign-exchange swap agreement from the US Fed.
※ ※ ※ ※ ※ ※ ※
Well, during the last financial crisis,
The United States did not have foreign-exchange swaps with China or Hong Kong.
But last week
『WSJ-FRB-ForeignCentralBankForeignExchangeSwap1But, as I mentioned, the US WSJ told the Fed
Foreign-exchange swaps with China, Hong Kong, Taiwan and Korea
Editorials calling for the conclusion of an agreement have been posted.
If this were to happen, it would be a breakthrough.
Compared with 2008 in particular, China has expanded its financial markets,
It has also begun to occupy the top of the world market share by currency.
In such China, the United States swaps (foreign-exchange)
It is a sight to see if you can rescue
The United States is confused
If you enter into a foreign-exchange swap with Taiwan,
It will be easier to conclude a Japanese-Taiwan currency (foreign-exchange) swap.
However, at the same time, currency swaps and foreign-exchange swaps
Shosen is also a "politics" world.
Now, Taiwan, the world ’s liberal and democratic nation,
Japan, UK, Europe, Canada, Switzerland
6 You may be eligible to enter the Central Bank partnership
But China is not eligible,
Hong Kong, which showed its poor response to last year's democratic demonstrations, may be subtle.
And whether Korea can join this swap network,
After all, it's the same issue that China has in the swap network.
However, since it is the United States that exposes diplomatic deficits in the most important point,
"Surprise"
`` US-foreign-exchange swap ''
`` US-Korean exchange (foreign-exchange) swap ''
I am worried about the conclusion that such conclusions cannot be made "impossible".
* That'sit for the text .
One nation
Japan and the U.S. don't think they will ship to Korea
Let's help each other on G7 and G20,
That's why South Korea called for it.
Because it was an emergency, South Korea's proposal was accepted in a hurry,
South Korea is in G
I feel like I don't have to go into a multilateral currency swap agreement ...
This suggestion should be kicked.
Bamboo
Isn't that possible?
Trump is also preparing for the second election
Global chains are important.
Japanese resident in Korea
The movement of ＄ / ₩ shows the desperation of the Central Bank of Korea.
The one minute bar graph looks like a needle point holder (for flower arrangement) .
What happens ...
Dana
Japanese resident in Korea
Really (laughs)
I think the Korean ammunition is running out.
It went to 1223.
After a long time, I saw the place where 1225 exited in real time.
Bank of Korea was disappointing.
Japanese resident in Korea
Mr. Dan
At around 15:00, there was no way to fight back.
At last it may be out of ammunition.
You can sell U.S. Treasury
It may be dangerous (Were in trouble!) If you do not make cash by issuing new external bonds.
Anonymous
Japanese resident in Korea
The look is the same.
Eventually it was overtaken until 1230 and became 1227 .
Ieta
A Chinese spokeswoman is angry with the United States after announcing the announcement that "Wuhan virus" is actually "USA (Fort Detrick) virus"So it would be hard to come up with an idea of letting China participate in the safety net of a developed country club.
South Korea is? If President Trump drinks a request for US $ 5 billion to stay in the U.S. military in Korea, he might say that.
Dana
Blue Team's currency scrum has been completed.
When Korea calls the United States a "swap,"
"What is the cost of staying in the US military in Korea?"
Bones
If Korea tells Japan "swap", "keep your promise"
and the end.
Dana
Bones
When I say swap to China, I don't know.
"What happened to the THAAD missile?"
Bones
Mr. Dan
The end of bat diplomacy